$345.20 Profit In 1HR 1/2: How To Trade Penny Stocks: $JNUG, $CIE, $TOPS & | Episode 61 | Summary and Q&A

TL;DR

Ricky from Tech Solutions provides a trading recap, highlighting profitable trades on stocks JNUG and CE, while mentioning the importance of joining their free trading group.

Key Insights

• 👥 Ricky acknowledges the active morning trading session and the use of two different group chats for analysis and discussion.
• 🎚️ He highlights the importance of identifying support and resistance levels for successful trading.
• ™️ Ricky shares his own profitable trades on JNUG and CE, as well as mentions TOPS as an additional stock to observe.
• 🥹 He mentions the potential risks of holding penny stocks overnight due to weekend news developments.
• 🥶 Ricky encourages viewers to like and subscribe to their channel for more helpful videos and invites them to join their free trading group.
• 🎮 The video suggests using technical analysis tools like exponential moving averages to identify upward momentum in stocks.
• 📈 Ricky showcases the potential for profitability in trading if done strategically and with attention to market trends.

Transcript

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Questions & Answers

Q: How did Ricky determine the entry and exit points for JNUG?

Ricky identified the support level at 620 and planned to sell at the resistance level of 650. However, due to increased volume, JNUG broke the resistance and he decided to stop loss at 660.

Q: What factors did Ricky consider before trading CE?

Ricky noticed upward momentum and steady growth in CE, especially by using exponential moving average indicators. He set a limit order and bought at a dip when the stock was at 51 cents.

Q: Why did Ricky suggest not holding penny stocks overnight?

Ricky advised against holding penny stocks overnight due to the potential for unexpected news and volatility over the weekend.

Q: How can one join Tech Solutions and access the trading group chats?

To join Tech Solutions and gain access to the group chats, interested individuals can find the provided link in the video description and join the free trading group.

Summary & Key Takeaways

• Ricky took advantage of JNUG hitting lows and sold at highs, earning $211 in profits.

• He made a successful trade on CE, buying at a dip and selling at a profit of over $147.

• Ricky also mentioned another stock, TOPS, which didn't break the resistance but still provided potential support and resistance levels to consider.